Article exploring the “radical” concept that owning your own home isn’t the great investment as some think it is. However shocking this revelation is, I actually first read about the idea in Rich Dad Poor Dad by Robert Kiyosaki.

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on Friday, August 19th, 2005 at 6:23 am and is filed under General, Personal.
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One Response to “some personal vindication”

That article misses some huge points. Real estate rarely loses value, and when it does, it almost never loses more than a few percent. So while bigger returns are possible in the market, an investor faces the prospect of losing huge amounts in a black-tuesday like fall. By their argument, stocks are safer than bonds because over the long haul bonds have earned less. It confuses average return with volatility.